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Ltd company profits vs salary taken

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EMP99
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Posts: 13
Joined: Fri Aug 13, 2021 5:02 pm
United Kingdom

Ltd company profits vs salary taken

Post by EMP99 » Thu Dec 21, 2023 5:38 pm

Hi,

I have 2 questions if someone can please help:

1) When working as self employed through a Ltd company and using this to meet the income requirements for FLR(M), does the money have to be taken out of the company accounts and into my personal bank? Or does showing enough company profits above the income threshold satisfy the requirements?

Do I need to take money out as dividends into my personal bank account or can I leave it in my company bank account.

2) If combining salaried employment income with self employment in Ltd company to meet the income threshold; is it correct that all payslips from salaried employment for the duration of the financial year of the Ltd company have to be provided as evidence?
My financial year is Dec 2022-Dec 2023. So do I need to provide all my payslips and bank statements for the same period?

Thanks in advance.

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